share market
Global brokerage CLSA has reversed its initial strategic shift from exiting Indian stock markets to investing in China. The brokerage house has decided to increase investment in India while reducing investment in China. CLSA said in one of its reports that after the victory of Donald Trump in the US elections, there may be challenges for the Chinese markets, due to which it has taken this step. The brokerage said that trade war may increase in Trump’s second term, whereas at present the share of exports in China’s growth is the highest.
Investors will return to India
In early October, CLSA had increased its investment in China while reducing its investment in India. The brokerage said that now it is reversing this process, that is, it is going to increase investment in India again. Let us tell you that for some time, foreign investors were withdrawing money from Indian markets and investing in the Chinese market. This is expected to change after Trump’s victory.
Advice given to buy Reliance shares
Leading brokerage firm CLSA has advised to buy shares of Reliance Industries. The brokerage firm said Reliance Industries shares are at an “attractive entry point” at current levels. The brokerage has given a new target for Mukesh Ambani’s company Reliance Industries while maintaining its ‘outperform’ rating. CLSA has given a target of Rs 1650 for the shares of Reliance Industries with an upside of 30 percent from the current level. Let us tell you that the current price of shares of Reliance Industries is Rs 1267.70.
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